Zurich Insurance Group Ltd FI Grows Stock Holdings in Sea Limited Sponsored ADR $SE

Key Points

• Zurich Insurance Group Ltd FI increased its stake in Sea Limited Sponsored ADR by 4.7%, acquiring an additional 7,870 shares to hold a total of 176,803 shares, valued at approximately $23 million.
• Despite SEA's quarterly earnings miss with earnings per share of $0.65 compared to expectations of $1.03, the company's revenue rose by 38.2% year-over-year, reaching $5.26 billion.
• Analysts have set varied price targets for SEA, with Barclays raising its target to $214.00 and a consensus rating of "Moderate Buy" reflecting overall positive sentiment.

Zurich Insurance Group Ltd FI lifted its stake in shares of Sea Limited Sponsored ADR (NYSE:SE - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,803 shares of the Internet company based in Singapore's stock after purchasing an additional 7,870 shares during the period. Zurich Insurance Group Ltd FI's holdings in SEA were worth $23,071,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MAI Capital Management boosted its stake in shares of SEA by 7.3% during the 1st quarter. MAI Capital Management now owns 1,198 shares of the Internet company based in Singapore's stock worth $156,000 after acquiring an additional 82 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of SEA by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 3,082 shares of the Internet company based in Singapore's stock worth $402,000 after acquiring an additional 87 shares during the period. State of Wyoming raised its holdings in shares of SEA by 3.1% in the 4th quarter. State of Wyoming now owns 3,010 shares of the Internet company based in Singapore's stock worth $319,000 after buying an additional 90 shares in the last quarter. Blue Trust Inc. increased its holdings in SEA by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,043 shares of the Internet company based in Singapore's stock valued at $267,000 after purchasing an additional 93 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in SEA by 13.3% during the 1st quarter. SOA Wealth Advisors LLC. now owns 850 shares of the Internet company based in Singapore's stock valued at $111,000 after purchasing an additional 100 shares in the last quarter. 59.53% of the stock is owned by institutional investors and hedge funds.

SEA Stock Down 2.2%

NYSE:SE traded down $4.23 on Monday, hitting $191.83. The stock had a trading volume of 1,028,106 shares, compared to its average volume of 4,535,793. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.55. The stock has a market cap of $113.01 billion, a P/E ratio of 99.39 and a beta of 1.53. Sea Limited Sponsored ADR has a 1 year low of $78.51 and a 1 year high of $199.30. The firm's fifty day simple moving average is $169.15 and its two-hundred day simple moving average is $150.77.

SEA (NYSE:SE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The Internet company based in Singapore reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.38). SEA had a return on equity of 13.66% and a net margin of 6.23%.The company had revenue of $5.26 billion for the quarter, compared to analysts' expectations of $5 billion. During the same quarter in the previous year, the business earned $0.14 EPS. The company's revenue for the quarter was up 38.2% on a year-over-year basis. Analysts predict that Sea Limited Sponsored ADR will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SE. Loop Capital restated a "buy" rating and issued a $190.00 price target (up from $165.00) on shares of SEA in a research report on Thursday, May 29th. JPMorgan Chase & Co. boosted their price target on SEA from $208.00 to $230.00 and gave the company an "overweight" rating in a research note on Thursday. Arete downgraded shares of SEA from a "buy" rating to a "neutral" rating and set a $177.00 price target for the company. in a report on Wednesday, September 3rd. Benchmark increased their price objective on SEA from $180.00 to $205.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Wedbush increased their price objective on shares of SEA from $170.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $176.85.

SEA Profile

Sea Ltd. is an internet and mobile platform company, which engages in the provision of online gaming services. It operates through the following segments: Digital Entertainment, E-Commerce, and Digital Financial Services. The Digital Entertainment segment offers and develops mobile and PC online games.